Household Spending Growth Expectations Crash To Cycle Lows

Despite record high stock prices, soaring consumer sentiment measures, and the constant Fed-spun narrative that incomes will rise amid 'full-employment', the latest survey of Americans by The New York Fed signals hope is collapsing for a spending renaissance...

Median household spending growth expectations tumbled from 3.29% in March to 2.58% in April, lowest level in data going back to June 2013..

Still, as long as NFLX, AAPL, AMZN, and GOOG are rallying, this is nothing to worry about, right?